Marigold Inc. is planning to invest in new manufacturing equipment to make a new garden tool. The garden tool is expected to generate additional annual sales of 5,900 units at $42 each. The new manufacturing equipment will cost $102,200 and is expected to have a 10-year life and $7,800 residual value. Selling expenses related to the new product are expected to be 4% of sales revenue. The cost to manufacture the product includes the following on a per-unit basis: Direct labor $7.10 Direct materials 23.40 Fixed factory overhead-depreciation 1.60 Variable factory overhead 3.60 Total $35.70 Determine the net cash flows for the first year of the project, Years 2-9, and for the last year of the project. Use a minus sign to indicate cash outflows. Do not round your intermediate calculations but, if required, round your final answer to the nearest dollar. Marigold Inc. Net Cash Flows Initial investment Operating cash flows: Annual revenues Year 1 102,200 X 247,800 Years 2-9 Last Year 247,800 247,800 Selling expenses 9,912 X 9,912 X Cost to manufacture 201,190 X 201,190 X 9,912 X 201,190 X Net operating cash flows Total for Year 1 Total for Years 2-9 Residual value Total for last year